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IKEA_SCentury_Solar Battery Storage_171

IKEA, Solarcentury Revolutionise Home Energy Market With Solar Battery Storage

Leave a Comment / Efficiency, Europe/Middle East/Africa /

Home furnishings expert IKEA has teamed up with leading solar firm Solarcentury to launch a new Solar Battery Storage solution to help homeowners make huge savings on their electricity bills by using more of the electricity that’s generated by solar panels. In addition, the battery storage system also increases the rate at which users can reap the benefits from their solar investment. With prices for Solar Panel and Battery Storage from IKEA and Solarcentury starting from as little as £3000, the new solutions can provide savings of up to £560 a year. Following Government plans to invest £246m in battery technology, saving consumers £40bn by 2050, battery storage is set to revolutionise the UK and international energy markets.

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MS innogy_Fuel Cell_System

Methanol ‘Green’ Fuel Cell Has Potential To Transform Large Scale Transport

Leave a Comment / Efficiency, Europe/Middle East/Africa, Technology /

Earlier this week, the MS innogy commenced operations for green tours on the beautiful Lake Baldeneysee. The passenger vessel, is the first in Germany to be powered by methanol fuel cells, is a part of innogy’s “greenfuel” project where they demonstrate the entire value chain of environmentally friendly methanol, from a green production of methanol using CO2 from the surrounding air, green electricity, and water, to the use of methanol as a fuel in the excursion vessel and in cars, ships, and aircraft. The demonstration took place in Essen – this year’s “Green Capital of Europe” and went hand in hand with the ambitious transition the city is undergoing in reinventing itself as a “Green City”.

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Benelux_Offshore Wind Energy_Macquarie_181

Offshore Wind Prices Drop By 50% In 5 Years. Now Cheaper Than Nuclear And Gas

Leave a Comment / Carbon, Europe/Middle East/Africa, Head Lines, Wind /

Offshore wind continues to highlight UK market leadership. During the last decade; government support and innovation combined with increases in turbine efficiency and sizes have resulted in the UK heading the global ‘installed capacity’ charts. Figures just published show that offshore wind is now the lowest cost option for large-scale, low-carbon power. Advances in turbine technology have contributed significantly to recent reductions in costs per megawatt hour. Huge blades, with a single rotation, now can generate enough energy to power a home for 24 hours. Impressively, by the mid-2020s turbine, capacities are set to double again.

Offshore Wind Prices Drop By 50% In 5 Years. Now Cheaper Than Nuclear And Gas Read More »

Wind and Solar_Europe_182

India’s Vast Potential – Renewable Energy Can Meet 25% Of Its Energy Demand  

Leave a Comment / Asia Pacific, Carbon, Energy, Head Lines /

A new IRENA report states that India can meet 25% of its overall energy needs from renewable sources. “With one of the world’s largest and most ambitious renewable energy programmes, India is taking a leading role in the energy transformation both regionally and globally,” said IRENA Director-General Adnan Z. Amin. “India possesses a wealth of renewable resources, particularly for solar and bioenergy development, which can help meet growing energy demand, power economic growth and improve energy access, as well as boost overall energy security.”

India’s Vast Potential – Renewable Energy Can Meet 25% Of Its Energy Demand   Read More »

Wind Farm_171

French Giant ENGIE Develops 55 MW Wind Farm; First Mongolian Renewable Project

Leave a Comment / Asia Pacific, Deals & Finance, Head Lines, Wind /

ENGIE has announced that it will build and operate the Sainshand wind farm in Mongolia, its first renewable project in the country, located in the Gobi desert. This project, which is the third privately financed wind farm in Mongolia, will support the government’s objective to evolve towards a greener economy and a better environment. A US$120m project financing package has recently been signed by a group of international investors and financial institutions to develop the project. The wind farm will have a total installed capacity of 55 MW and will provide the equivalent of the electricity consumption of 130,000 people in Mongolia.

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Vestas_service_wind park_171

Vestas Wins 424 MW Project; Largest Mexican Wind Park, And Strengthens Position

Leave a Comment / Americas, Deals & Finance, Head Lines, Wind /

Vestas has received an order for the largest wind park in Mexico. The order consists of 123 V136-3.45 MW turbines for a 424 MW project in Mexico. With this contract, Vestas’ order intake from Mexico’s energy auctions reaches almost 500 MW. Zuma Energía placed the order for the Parque Eólico Reynosa project in the northeastern state of Tamaulipas, which will be one of the largest wind power projects in Latin America. The order consists of 123 V136-3.45 MW turbines for a 424 MW project in Mexico. With this contract, Vestas’ order intake from Mexico’s energy auctions reaches almost 500 MW.

Vestas Wins 424 MW Project; Largest Mexican Wind Park, And Strengthens Position Read More »

Wind Generation_181

Offshore Wind Drives 6.1 GW Of European Wind Installations In First Half Of 2017

Leave a Comment / Deals & Finance, Europe/Middle East/Africa, Head Lines, Policy, Wind /

6.1 GW of extra wind energy capacity was installed in Europe in the first half of 2017, according to figures released by WindEurope. The figure puts Europe on course for a bumper year for installations, although hides some worrying trends. WindEurope Chief Policy Officer, Pierre Tardieu, said: “We are on track for a good year in wind capacity installations but growth is driven by a handful of markets. At least ten EU countries have yet to install a single MW so far this year. Although this won’t translate into lower installations for another few years, the industry needs clarity on volumes for the post-2020 period to maintain the current cost reduction trend”.

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Porsche_Formula E_171

Major Realignment In Motorsport As Porsche Prioritises Formula E Over Le Mans

Leave a Comment / Europe/Middle East/Africa, Head Lines, Technology /

Significant changes in motorsport are taking place as Porsche implements its strategy to develop a combination of pure GT vehicles and fully electric sports cars, such as the first fully battery-powered Mission E road car. “Entering Formula E and achieving success in this category are the logical outcomes of our Mission E”, says Michael Steiner, Executive Board Member, R&D at Porsche AG. “For us, Formula E is the ultimate competitive environment for driving forward the development of high-performance vehicles in areas such as environmental friendliness, efficiency and sustainability”.

Major Realignment In Motorsport As Porsche Prioritises Formula E Over Le Mans Read More »

BNEF_EV_forecast_173

EV Revolution To Hit Global Auto Industry Even Harder And Faster Than Expected

Leave a Comment / Carbon, Energy, Head Lines, Region /

Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to new research published by Bloomberg New Energy Finance (BNEF). Tumbling battery prices mean that EVs will not just have lower lifetime costs, but will also be cheaper to buy than internal combustion engine cars (ICE) in most countries by 2025-29. Colin McKerracher, lead advanced transport analyst, BNEF, said: “We see a momentous inflexion point for the global auto industry in the second half of the 2020s.

EV Revolution To Hit Global Auto Industry Even Harder And Faster Than Expected Read More »

Solar Projects_171

IDFC Alternatives Fund Acquires Solar Projects Totaling 190MW From First Solar

Leave a Comment / Asia Pacific, Deals & Finance, Solar /

India Infrastructure Fund II (IIF II), represented by its investment manager, IDFC Alternatives Limited, one of India’s largest alternatives fund managers, is to acquire seven operating solar projects owned and operated by the First Solar Group in the Indian states of Andhra Pradesh and Telangana aggregating to a capacity of 190 MW. All the projects utilise First Solar’s advanced CdTe (Cadmium Telluride) based thin film modules, one of the most environmentally friendly PV technologies, and sell the power generated to state utilities, under long term power purchase agreements. Aditya Aggarwal, Partner, IDFC Alternatives stated that “consistent with its stated strategy of aggregating operating renewable assets, IIF II is well on its way to achieving an installed base of 400-450 MW of operating renewable assets by the end of the current financial year.”

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GE_Renewable_Energy_Wind

Invenergy, GE Renewable Energy Announce 2GW Facility: Largest Wind Farm In US

Leave a Comment / Americas, Deals & Finance, Head Lines, Wind /

Invenergy and GE Renewable Energy have announced a 2GW wind farm that will be the largest in the U.S. and second-largest in the world, once operational, in 2020. The Wind Catcher facility is under construction in the Oklahoma panhandle and will use 800 state-of-the-art GE 2.5 MW turbines. It will link more than 1.1 million customers with wind energy harvested domestically, saving them more than $7 billion, and will support 4,000 direct and 4,400 indirect jobs annually during construction and 80 permanent jobs once operational. “Wind Catcher shows American leadership in bringing low-cost clean energy to market at Giga scale,” said Invenergy’s Founder and CEO Michael Polsky.

Invenergy, GE Renewable Energy Announce 2GW Facility: Largest Wind Farm In US Read More »